The Mexican Stock Exchange aims to go greener, while financial institutions look at Mexico with skepticism to develop renewable projects. Scotiabank goes greener through Enel Green Power’s Magdalena 2 in Tlaxcala. MIT presents a battery fed with carbon, Chernobyl goes greener and IPCC warns for the need of more renewables to avoid a dangerous future.

-Want to find your optimal energy source? Here’s your weekly news roundup:

 

NATIONAL

Mexican Stock Exchange (BMV) will launch its first green Fibras and CKDs. Eduardo Piquero, Director General of MEXICO2, BMV’s subsidiary focused for the development of green financial instruments, expects to have them ready by 1Q19.

 

 

Financing for renewables in Mexico worries the main Latin American banks. This due to the fact that the present administration leaves an unfinished Energy Reform and the incoming one has not yet settled a vision for future changes.

IEnova and Scotiabank signed a 15-year bilateral contract to supply electricity. IEnova will provide power through solar energy to the bank.

Enel Green Power aims to build a 232MW solar plant in Tlaxcala. The project, named Magdalena 2, has an expected required investment of US$160 million, according to Tlaxcala’s government.

 

 

Enrique Alba, Director General of Iberdrola México, got elected as President of the Mexican Energy Association (AME).

 

INTERNATIONAL

MIT presented its early-stage carbon-eating battery. The MIT battery is expected to have a voltage and capacity competitive with state-of-the-art lithium-gas batteries, the press release said.

Ukraine installed a 1MW solar power plant in the contaminated area adjacent to the decommissioned nuclear station in Chernobyl. The PV facility is expected to provide energy to 2,000 local apartments.

Renewables have to supply 70 to 85 percent of electricity by 2050 to avoid worst climate change impacts. This according to IPCC latest report.

 

Transmission lines. Photo provided by CFE

 

US tariffs on steel and Chinese imports could raise wind power costs by up to 10 percent, according to Tom Kiernan, CEO of the American Wind Energy Association.

 

For more articles on Mexico’s energy industry, check out our blog!

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